As of Thursday afternoon, the highest bid listed was $100,050.00 for a 2,560 square foot home.

As of Thursday afternoon, the highest bids had been placed on this 2,560 sq.-ft. home. (Photo: Service Alberta)

"The whole point of the floodway relocation was to get as many out of the floodway as wanted to move,'' said Huybregts. "It was a way that they could fairly get value for their home and leave the floodway.''

Each home must be moved off the property within 160 business days of the sale.

The bidding closes on Feb. 17.

The Alberta government is auctioning off floodway homes for a steal. (Photo: Service Alberta)

Huybregts said the government will not redevelop the land after the homes are gone.

"Basements will be filled in, any utilities that are still going into the property from the main lines will be removed and then the lands will be remediated back to the state that is natural for the area,'' he said.